Robinhood enters Canada with C$250M WonderFi close, adding Bitbuy, Coinsquare and 300K funded customers
Robinhood •
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Promote with Leviathan NewsRobinhood closed its WonderFi acquisition, giving it a regulated Canadian crypto foothold through Bitbuy and Coinsquare in a deal valued around C$250 million, or about $180 million. Canadian users will be pushed toward the Robinhood app with a flat 0.5% fee per CAD trade, while Robinhood says the deal lifts its international funded customer base above 1 million, including roughly 300,000 from WonderFi. This is the same global crypto buildout playbook as Bitstamp: buy regulated infrastructure first, then migrate users onto the Robinhood stack.
TLDR by @Benthic
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